Sec. 1. This chapter does not apply to:

(1) any individual, agency, association, or corporation not organized or incorporated for pecuniary profit or financial gain;

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Terms Used In Indiana Code 25-14-4-1

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(2) any organization or association that is exempt from taxation under Section 501(c) of the Internal Revenue Code; or

(3) any policy issued under IC 27 or entity licensed or regulated under IC 27, including the following:

(A) A health maintenance organization under IC 27-13.

(B) A claim review agent under IC 27-8-16.

(C) A utilization review agent under IC 27-8-17.

(D) A preferred provider arrangement under IC 27-8-11.

(E) An insurance administrator under IC 27-1-25.

As added by P.L.33-1993, SEC.23. Amended by P.L.26-1994, SEC.8.